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- US auditor Arthur Andersen is having its name resurrected more than a decade after it collapsed because of the Enron accounting scandal. Some of its former partners based in San Francisco have bought the rights to the name and re-christened their consultancy Andersen Tax.
www.bbc.com/news/business-29041396Arthur Andersen name revived more than a decade after collapse
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Aug 31, 2022 · Two decades after Arthur Andersen LLP’s downfall, the firm that audited Enron Corp.’s financial statements remains a punchline for many, though some prefer to remember it as an influential...
Sep 3, 2014 · Some of its former partners based in San Francisco have bought the rights to the name and re-christened their consultancy Andersen Tax. Arthur Andersen was found guilty of destroying...
The firm collapsed by mid-2002, as details of its questionable accounting practices for energy company Enron and telecommunications company WorldCom were revealed amid the two high-profile bankruptcies. The scandals were a factor in the enactment of the Sarbanes–Oxley Act of 2002. History. Founding. Arthur E. Andersen.
Sep 20, 2024 · In early April, Duncan pleaded guilty to one felony count of obstruction of justice. Andersen requested and received a speedy trial because of the mass client defection. On June 15, 2002, Arthur Andersen was found guilty of shredding evidence and lost its license to engage in public accounting.
Aug 30, 2002 · Arthur Andersen died in 1947. After his passing away, the accountancy that bore his name almost closed down. But Leonard Spacek, a disciple of Andersen’s, was able to convince the company’s partners to remain together despite financial uncertainty.
Arthur Andersen was convicted in 2002 for obstructing the U.S. government’s investigation into Enron. After that the storied accounting firm stopped auditing public companies.
Arthur Andersen, the former Big Five firm that collapsed over a decade ago in the wake of the Enron and WorldCom scandals, has been revived by a group of former Andersen partners who have changed the name of their firm from WTAS to Andersen.
